How Can I Build Business Credit?
Building business credit is crucial for your company’s financial stability. Begin by ensuring your business is registered and obtains an EIN. After that, open a dedicated business bank account to separate your personal and business finances. Using business credit cards, paying vendors on time, and keeping credit utilization low will help build your credit score over time.
Start with a Business Bank Account
One of the first steps to build business credit is separating your business finances from your personal ones. A business bank account is essential for this.
Use Credit Responsibly
Open a business credit card and use it responsibly. Keep your credit utilization below 30% and pay bills on time to avoid damaging your credit score.